Important: Listings are compiled from publicly available sources and have not been independently verified by BeforeMortgageUSA.com. We do not endorse any broker or guarantee outcomes. Verify licensing and disciplinary status with the State Mortgage Licensing Authority of Alabama before hiring.
Showing 19 fha loan specialists in Florence, AL
Listings are displayed in no particular order and are not ranked by BeforeMortgageUSA. Order does not constitute a recommendation or endorsement of any broker.
Liberty Finance of Florence
2701 Mall Rd Ste. #11, Florence, AL 35630
(256) 766-6066
loansanywhere.net
Assurance Financial - Florence
4050 Helton Drive #301, Florence, AL 35630
(256) 325-8944
assurancemortgage.com
Barbara Gaston - Assurance Financial
4050 Helton Drive #301, Florence, AL 35630
(256) 436-9011
assurancemortgage.com
Integrity Mortgage Group Florence, Alabama
3505 Florence Blvd, Florence, AL 35634
(256) 627-6102
dkilby.integritymtgs.com
Regional Finance
2801 Mall Rd Suite 9, Florence, AL 35630
(256) 740-0611
branches.regionalfinance.com
New American Funding - Kim Livingston
220 W Tennessee St ste 111, Florence, AL 35630
(256) 330-7854
newamericanfunding.com
New American Funding - Florence
220 W Tennessee St ste 111, Florence, AL 35630
(256) 280-2489
newamericanfunding.com
North Alabama Mortgage, Inc.
222 W Alabama St, Florence, AL 35630
(256) 275-4163
northalabamamortgage.com
What Does a FHA Loan Specialist in Florence Cost?
Typical costs for an FHA loan specialist in Alabama include an origination fee of 1 to 2 percent of the loan amount, plus an upfront mortgage insurance premium of 1.75 percent of the loan. Annual mortgage insurance premiums range from 0.45 to 1.05 percent of the loan balance. Appraisal fees in Florence usually cost between $400 and $700. Closing costs generally total 3 to 5 percent of the purchase price. This is general information and not mortgage or financial advice.
* Cost estimates are general ranges based on publicly available data and compiled using automated research tools. Actual fees vary by agent and case complexity. This is not mortgage or financial advice — consult directly with an agent for fee specifics.
Frequently Asked Questions
What are the FHA loan limits for Florence Alabama?
For 2024, the FHA loan limit for a single-family home in Lauderdale County is $498,257. This limit applies to most standard FHA loans and is adjusted annually based on local median home prices.
Do I need a special license to be an FHA loan specialist in Alabama?
Yes, all mortgage loan originators in Alabama must be licensed through the NMLS and complete pre-licensing education. They must also pass a criminal background check and meet continuing education requirements each year.
What credit score do I need for an FHA loan in Florence?
FHA loans typically require a minimum credit score of 580 for a 3.5 percent down payment. Borrowers with scores between 500 and 579 may qualify with a 10 percent down payment. Each lender may have additional requirements.